Streetbeat News

Regulatory

TSLA

Elon Musk plans to appeal to the U.S. Supreme Court over a Securities and Exchange Commission (SEC) consent decree that he has called a 'muzzle' on his free speech. The decree arose from Musk's 2018 tweet about having 'funding secured' to take Tesla private. The decree was part of a settlement where Musk and Tesla each paid $20 million fines, Musk gave up his role as Tesla's chairman, and agreed to let a Tesla lawyer approve some tweets in advance.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:06 pm

SPY

The CB Consumer Confidence for July has been reported at 117, surpassing the estimated 111.8 and the prior figure of 110.1.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:00 pm

CORN

SOYB

SPY

VGK

WEAT

The UK's UN envoy has stated that Russia has placed additional sea mines near Ukrainian ports, agreeing with the US assessment that this is a coordinated effort to justify and blame Ukraine for any attacks on civilian ships.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 1:54 pm

EWU

SPY

VGK

Britain's UN envoy has shared information with Ukraine's President Zelensky, indicating that the Russian military may start attacks against civilian shipping in the Black Sea. This information was shared during a phone call on Tuesday.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 1:54 pm

DAL

Delta Air Lines is challenging the Court of Appeal's verdict to safeguard flights to Amsterdam. The company, along with other airlines, plans to institute cassation proceedings against the Amsterdam Court's judgement of appeal on a proposed temporary experimentation rule.

Portfolio Pulse from Charles Gross

July 25, 2023 | 1:49 pm

MSFT

Microsoft Corp has announced a $2 billion investment to build a data center region in Neom, Saudi Arabia. The project, which is part of an annual tech conference in Riyadh, has raised concerns about data privacy protections in Saudi Arabia. Critics argue that Microsoft's data center could pose potential risks due to the lack of data privacy protections in the country. Microsoft has defended its investment, stating that the data center region will address organizations' data residency, security, privacy, and compliance needs.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 1:45 pm

SPY

TDOC

The Biden-Harris administration has taken action to make it easier to access in-network mental health care. This could potentially impact Teladoc Health, a telemedicine company that provides online and on-demand healthcare services.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 1:36 pm

DANOY

NSRGY

Product prices of Nestle S.A. and Danone have risen by more than 10% this year in France, putting them under the country's inflation scanner. The price hike has pressured the companies to renegotiate with French retailers. French shoppers have spent more than 20% more for Nestle products each month since January versus last year, with price increases peaking at 36.6% in May. Danone's products were sold for between 11.2% and 16.7% more than last year in the first six months of the year.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 1:34 pm

AAPL

SPOT

Over 1,500 U.K.-based developers have filed a class action lawsuit against Apple Inc, alleging the company of abusing a dominant position by charging an “anti-competitive” 30% fee on in-app sales made by app makers on its iOS App Store. The lawsuit could result in a penalty of up to £800 million (over $1 billion). Spotify Technology S.A. and Epic Games have also filed complaints against Apple's App Store policies and fees.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 1:30 pm

NIO

NIO Inc. shares traded higher after China announced measures to optimize its business environment. The company saw more than double its average daily options volume, with calls outpacing puts by more than three to one. Traders expect NIO's stock to move higher through the end of the week. NIO shares jumped 10.9% to close at $11.73 on Monday, and added 3.9% in Tuesday's premarket trading session.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 1:19 pm